One major characteristics of capitalism is that it results in
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One major characteristic of capitalism is that it results in an unjust and inequitable distribution of societal resources. Capitalism is an economic system in which the means of production and distribution are privately owned and operated for profit. This means that individuals and businesses are free to pursue their own economic interests, with little or no government intervention.
Under capitalism, those who own the means of production, such as land, factories, and machinery, are able to accumulate wealth and power. This often leads to an unequal distribution of resources, with a small percentage of the population controlling a large percentage of the wealth. The result is often poverty and hardship for those who do not have access to the same resources and opportunities.
Critics of capitalism argue that it is inherently unfair and leads to social and economic inequality. They argue that the pursuit of profit often comes at the expense of workers and the environment, and that it prioritizes the needs of the wealthy over the needs of the poor. Proponents of capitalism, on the other hand, argue that it encourages innovation, growth, and competition, leading to a higher standard of living for everyone.